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Consumers’ Inflation Expectations Decline at all Horizons, Expectations about Household Financial Situation Improve
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2023 Survey of Consumer Expectations, which shows that inflation expectations declined at the short-, medium-, and longer-term horizons. Year-ahead price growth expectations for food, medical care, and rent declined to their lowest levels since at least early 2021. Labor market expectations strengthened, while households’ perceptions about their current financial situations and expectations for the future improved. The main findings from the July 2023 Survey are: Inflation • Median inflation expectations declined across ... (full story)
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*NY FED: ONE-YEAR INFLATION EXPECTATIONS FALL TO 3.5% VS 3.8%
— zerohedge (@zerohedge) August 14, 2023
*NY FED: THREE-YEAR INFLATION EXPECTATIONS FALL TO 2.9% VS 3%
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NY FED: JULY EXPECTED HOME PRICE RISE MOVES TO 2.8% FROM JUNE’S 2.9%
— *Walter Bloomberg (@DeItaone) August 14, 2023